May 15, 2019 / 05:10PM GMT
Unidentified Analyst
All right. Thanks, everybody. Moving on now to Eastman. We got Chairman and CEO, Mark Costa. Q&A format. I encourage everyone to ask questions and if not, we're going to ask the questions for you, but we'd rather you guys do it.
Questions and Answers:
Unidentified AnalystBut maybe to start off. Mark, just you guys are big, broad, global. Maybe give us an assessment of what's going on out in the world from where you see it?
Mark J. Costa - Eastman Chemical Company - Chairman & CEO
Sure. So shockingly, the word China's come up once or twice in one-on-ones so far today. The global economy, I think, is playing out to some degree as we expected. Obviously, it's been a challenging Q1 as well as Q4. For us, Eastman, I think, it's important to note that the biggest driver of the challenge really is destocking created by the fears of tariffs, right? So you have all these Chinese producers, who export to the U.S., who suddenly become very nervous about their ability to pay a 25% tariff going into place come